Paul Borowiec Director Paul Borowiec is an investor and an advisor on public companies investments. He has extensive experience in investment analysis and investment management, ranging from analyzing financial statements to investment manager selection. His analystbackground covers a variety of industries with emphasis on the technology sector. Currently he serves as Vice President of Investments at Source Capital Group, since June 2009. He is also the Managing Partner of Source Opportunity Fund LLC at Source Capital Group. Most recently he was an investment analyst for StoneWater Capital LLC, from May 2005 to June 2008, where he shared responsibilities in managing their domestic business. Prior to StoneWater Capital, Paul was a research analyst for Neuberger Berman, responsible for all research in the advisory services group. Prior to Neuberger Berman, Paul worked for American Skandia as a portfolio analyst in the investment management group. He holds a B.S. in International Business from Fairfield University.
Wayne Cadwallader Director, Chairman of the Compensation Committee Mr. Cadwallader is Managing Partner - Research for Elkhorn Partners LP, a long-time investor in Comarco. An experienced securities analyst, Mr. Cadwallader has extensive knowledge of numerous industries including technology, insurance, retail, manufacturing, and real estate. He also has substantial expertise in information technology gained through numerous management positions and in management consulting. Prior to joining Elkhorn Partners he worked for Hamblin Watsa Investment Counsel Ltd., from October 2000 to June 2010, a subsidiary of Fairfax Financial Ltd., where he was promoted from Associate Investment Analyst to Senior Investment Analyst. Mr. Cadwallader was part of the investment team at Hamblin Watsa Investment Counsel managing Fairfax Financials' $22.0 billion in assets. In this capacity, his focus was primarily equity research and to some extent bond research with a focus on North America and to a lesser extent European stocks across a wide range of industries providing in depth analyses and recommendations. He was also involved in a number of corporate debt restructurings. From 1998 to 2000, Mr. Cadwallader ran his own information technology consulting firm. The firm placed consultants with companies to develop application software and he personally managed numerous Y2K projects. From 1990 to January 1998, Mr. Cadwallader worked for CIBC, a large Canadian bank. He held positions as Manager of Communications Services, Manager of Communications Software and Acting Director of Communications. Mr.Cadwallader began his career at Xerox holding various positions in information technology until 1990.
Richard T. Lebuhn Director, Chairman of the Nominating & Corporate Governance Committee Mr. LeBuhn has served as Senior Vice President at Broadwood Capital, Inc., a private investment company, since June 2006. Previously, Mr. LeBuhn was a Principal at Broadfield Capital Management, LLC, an investment advisory services firm, from May 2005 to June 2006 and a Vice President at Derchin Management, another management services firm, from July 2002 to May 2005. Earlier in his career, Mr. LeBuhn founded an investment analysis and financial advisory firm and served as an operating business manager for Chubb and Son, Inc., the property and casualty insurance division of The Chubb Corporation. Mr. LeBuhn holds a B.A. from St. Lawrence University and an MBA in Finance from Columbia University Graduate School of Business.
Michael R. Levin Chairman of the Board & Chairman of the Audit & Finance Committee Mr. Levin is an independent private investor and advisor with substantial expertise in corporate governance, business strategy, and corporate finance, and with significant experience in U.S. public companies as a finance executive and independent management consultant. In addition to his private investment activities, he assists portfolio managers to turn around underperforming companies using shareholder activist strategy and tactics. In 2008, Mike founded The Activist Investor, an advisory firm that provides activist investing advice and services to equity investors. In addition to his private investment activities, he assists portfolio managers to turn around underperforming companies using shareholder activist strategy and tactics. In addition to his activist investing work, since 2006 Mike has served as a financial executive for several entrepreneurial ventures, including ones in alternative energy and medical diagnostics. Previously, he served as a finance executive at Nicor, a natural gas utility, from 2003-2006. He was the Chief Risk and Credit Officer of CNH, a farm and construction equipment manufacturer, from 2002-2003. Prior to his work as a corporate finance executive, he enjoyed an 18 year career as a management consultant specializing in corporate finance and risk management, at Towers Watson, Deloitte & Touche, Arthur Andersen, and BearingPoint. A native of Chicago and current resident, Mike holds a B.A. with General Honors in Economics and Public Policy, and an M.A. in Economics and Quantitative Analysis, from the University of Chicago.
Michael Mulroy Director Michael Mulroy has served as Senior Vice President, Chief Financial Officer, General Counsel of Questcor Pharmaceuticals (NASDAQ:QCOR) since January 2011. From 2003 to 2011, Mr. Mulroy was employed by the law firm of Stradling Yocca Carlson & Rauth, where he served as a partner from 2004. At Stradling Yocca Carlson & Rauth Mr. Mulroy represented Questcor and other publicly-traded companies. From 1997 to 2003, Mr. Mulroy was an investment banker at Merrill Lynch and Citigroup. Mr. Mulroy earned his J.D. degree from the University of California, Los Angeles and his B.A. (Economics) from the University of Chicago.